Give it another week, you know the routine by now.
Stocks, Investing and Retirement Accounts
- Thread starter Ludacris
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Saying the market has been bad is just comedy. The routine you are talking about must be your yearly market crash prediction.
Space
We'll see how this plays out but I think Elon and Bezos are going to go head to head on the space battle. It's fairly cordial currently but it will get very contentious between them. It's top priority for both of them now and they have billions to spend on their newest ambition.
I think they just want to get human life started on a different planet for if/when somebody nukes this one. Basically what I got out of it from listening to both talk about it.
I don’t get this trend. I used to build servers using Super Micro boards. They weren’t a big company. In fact I thought they went out of business already. Just because their stock is booming doesn’t mean the company grew massively large overnight. So what is driving all of this? I keep hearing Ai. But just because they are a tech company? Does that mean ever tech company will boom just because of Ai? It really doesn’t make sense.
I believe it has to do with the cooling ability of their servers in the new AI world. And investors are pumping it with options.
That's because Supermicro is seeing unprecedented demand and expects this trend to continue.
In the second quarter of fiscal year 2024 (ended Dec. 31, 2023), Supermicro's revenue rose 103% to $3.67 billion. That's pretty good, but its guidance indicated 205% for the next quarter.
Super Micro Computer's business is strong, and the long-term outlook looks great. In Q1, management discussed its roadmap to $20 billion in annual sales. In Q2, that goal has increased to $25 billion.
That's still a big runway from what it expects to produce in fiscal year 2024 (ending June 30), with its full-year guidance coming in at $14.5 billion (increased from Q1's guidance of $10.5 billion).
www.fool.com
That's because Supermicro is seeing unprecedented demand and expects this trend to continue.
In the second quarter of fiscal year 2024 (ended Dec. 31, 2023), Supermicro's revenue rose 103% to $3.67 billion. That's pretty good, but its guidance indicated 205% for the next quarter.
Super Micro Computer's business is strong, and the long-term outlook looks great. In Q1, management discussed its roadmap to $20 billion in annual sales. In Q2, that goal has increased to $25 billion.
That's still a big runway from what it expects to produce in fiscal year 2024 (ending June 30), with its full-year guidance coming in at $14.5 billion (increased from Q1's guidance of $10.5 billion).
If You Invested $10,000 in Super Micro Computer in 2020, This Is How Much You Would Have Today | The Motley Fool
Super Micro Computer has been an incredible investment story in a short time.
www.fool.com
See that's what I thought, there is some weird stuff going on right now. It's like people are picking a random company and dumping into it, then using the excuse it's related to Ai. Strange days...
I think something more sinister. This is more coordinated. Think about it why are they pinpointing these old companies that are under the radar? There has to be some sort of communication going on where they say "Hey, let's start all dumping into this company" The price starts to raise which them people are like "what is happening, I must invest." I am thinking there is even more than just pumping it, I am thinking more along the lines of money laundering. Or hiding funds being transferred. It would be interesting to see who is purchasing these large amounts and do research on that. I mean Abercrombie, what are they making Ai jeans? Come on! You have to admit it's really strange, and I bet in the next couple of weeks you will see more of these strange stocks being pumped.
Well it has been going on for awhile. Gamestop, AMC, all the crypto's. NFTs you name it. I've noticed though it correlates with the price of Bitcoin. When Bitcoin goes in a loosing streak, you don't see the other stuff happen. And it was pretty quiet during the rate hikes. All of a sudden when talks of rate cuts, off to the races again.